Year-end tax moves for everyone:
1️⃣ Wash sale exemption for Bitcoin – Unlike stocks, Bitcoin isn’t subject to wash sale rules. You can sell at a loss to offset gains or claim a deduction, then immediately rebuy to maintain your position while still reaping the tax benefit.
2️⃣ Make tax-efficient gifts – Gift up to $18,000 per person ($36,000 for couples) without affecting lifetime estate tax exemptions.
3️⃣ Roth conversions – Convert traditional IRA funds during low-income years to lock in tax-free growth at a lower tax rate.
4️⃣ Harvest gains/losses – Offset gains with losses or realize gains at the 0% rate to reset your cost basis and minimize future taxes.
satoshipacioli / Satoshi Pacioli Accounting
npub1dr…4rfg0
2024-12-06 18:02:32 UTC
Author Public Key
npub1drlw0wmu9tq37usx4qt3u6u4zj44mrf3zsfa6xhcdyrh3n4wpmgqr4rfg0Seen on
wss://nos.lolPublished at
2024-12-06 18:02:32 UTCEvent JSON
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"content": "Year-end tax moves for everyone:\n\n1️⃣ Wash sale exemption for Bitcoin – Unlike stocks, Bitcoin isn’t subject to wash sale rules. You can sell at a loss to offset gains or claim a deduction, then immediately rebuy to maintain your position while still reaping the tax benefit.\n\n2️⃣ Make tax-efficient gifts – Gift up to $18,000 per person ($36,000 for couples) without affecting lifetime estate tax exemptions.\n\n3️⃣ Roth conversions – Convert traditional IRA funds during low-income years to lock in tax-free growth at a lower tax rate.\n\n4️⃣ Harvest gains/losses – Offset gains with losses or realize gains at the 0% rate to reset your cost basis and minimize future taxes.",
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